As you probably already know, the 2028 Olympics will be held in Los Angeles. An analysis of previous Olympic Games shows that real estate prices in the areas where they are being built have increased by 20-30%. With the next games less than 4 years away, investors are already starting to buy real estate in these areas to catch up before prices rise.
Historical analysis of real estate price growth
The experience of past Olympics shows that the areas where sports venues are being built experience significant growth in housing prices. On average, real estate in such areas increases in price by 20-30% as the Games approach. This is due to large-scale investments in infrastructure, improved transportation accessibility and increased demand from investors and new residents.
Investment boom ahead of the Olympics
With less than four years to go until the 2028 Olympics, active investors are already starting to buy up properties in potentially lucrative areas. The anticipation of rising prices stimulates demand, leading to a gradual increase in housing values. This phenomenon is observed in the real estate market of all cities that hosted the Olympics.
An example of the transformation of the Inglewood neighborhood
Look even at the construction of SoFi Stadium – how it has affected the Inglewood neighborhood. Just 6 years ago, that neighborhood was considered a pretty bad neighborhood and you could buy a house for $300,000. Now you can’t find anything there for $1,000,000 and the neighborhood has become a great infrastructure.
A prime example of the impact of major sports venues on real estate values is the Inglewood neighborhood where SoFi Stadium was built. Until six years ago, this neighborhood was considered a disadvantaged area and homes here could be purchased for as low as $300,000. However, after the stadium appeared, housing prices have increased several times, and now it is almost impossible to find a property cheaper than $1,000,000. In addition, infrastructure development has made the neighborhood more attractive for living and business.
What neighborhoods in Los Angeles are susceptible to price increases?
Taking into account the future Olympic Games, it can be assumed that real estate prices will rise the most in areas where key sports venues will be located and where the infrastructure is actively developing. Among such places we can highlight:
Downtown LA – many sports competitions will be held here, which will attract additional investment.
Inglewood – the area has already experienced rapid growth, but the Olympics could reinforce this trend.
South LA and West Adams – transportation networks and new sports facilities are planned here.
Conclusion
The 2028 Olympics in Los Angeles will have a significant impact on the real estate market. Price growth in certain neighborhoods may reach 20-30%, and early investors have already started to take favorable positions. The trend shows that cities hosting the Olympics invariably undergo positive changes in terms of infrastructure and housing market development. Thus, Los Angeles is already becoming a center of attraction for investors and potential real estate buyers.
Written by Maria Shmagliy, Los Angeles Realtor
